ADAUSDT has formed a symmetrical triangle after finding firm support around 0.54. Previous consolidation zones have led to significant breakouts, and the current structure is showing early signs of a similar rally. If bulls manage to reclaim 0.58, a climb toward 0.66 and 0.70 becomes likely, with upper trendline resistance acting as a magnet for price.Trade active
ADAUSDT is compressing inside a triangle just above the critical $0.54 support. If bulls break the upper trendline, price could revisit the $0.60 zone quickly. Volatility is tightening, indicating a breakout is near.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.